9 US Senators publicly back Elizabeth Warren’s crypto bill

• Senator Elizabeth Warren has expanded her coalition to crack down on the use of cryptocurrency in money laundering, drug trafficking, and sanctions evasion.
• Nine other Senators have joined her in supporting the Digital Asset Anti-Money Laundering Act.
• The bill has received endorsements from various institutions, including Transparency International U.S., Global Financial Integrity, and the National District Attorneys Association.
• The current version of the bill aims to regulate non-custodial digital wallets, extend Bank Secrecy Act responsibilities, establish AML/CFT compliance examination, and implement other legal measures to combat the illicit use of digital money.
• Warren believes there is a $50 billion crypto tax gap and warns of potential tax revenue loss if a tax policy update is delayed.

The overall sentiment of the article is negative, as it highlights the need to crack down on the illicit use of cryptocurrency and warns of potential tax revenue loss.